Howard Hughes (NYSE:HHH) Issues Earnings Results

Howard Hughes (NYSE:HHH) released its quarterly earnings data on Wednesday. The company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.40, Zacks reports. The business had revenue of $983.59 million during the quarter, compared to analyst estimates of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%.

Howard Hughes Stock Performance

Shares of NYSE HHH traded up $1.36 during trading on Friday, reaching $78.78. 129,477 shares of the company traded hands, compared to its average volume of 504,245. The firm’s fifty day simple moving average is $75.88 and its 200 day simple moving average is $77.20. The stock has a market cap of $3.95 billion, a P/E ratio of 52.36 and a beta of 1.48. Howard Hughes has a 12-month low of $59.00 and a 12-month high of $87.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98.

About Howard Hughes

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.